https://www.taxtmi.com/caselaws?id=779416 ITAT held the addition under s.69A could not be treated as unexplained money given findings that the sum was received as subsidy and transferred from an MMDC account. The Tribunal remanded the matter to the AO for the assessee to explain why the subsidy is not taxable under s.2(24)(xviii)(a) and why the MMDC transfer should not be taxed; AO to consider submitted explanations and evidence and pass fresh order. The assessee was cautioned that non-compliance may be viewed adversely. Appeal allowed for statistical purposes. en-us Wed, 24 Sep 2025 00:00:00 +0530 Mon, 06 Oct 2025 09:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779416 ITAT held the addition under s.69A could not be treated as unexplained money given findings that the sum was received as subsidy and transferred from an MMDC account. The Tribunal remanded the matter to the AO for the assessee to explain why the subsidy is not taxable under s.2(24)(xviii)(a) and why the MMDC transfer should not be taxed; AO to consider submitted explanations and evidence and pass fresh order. The assessee was cautioned that non-compliance may be viewed adversely. Appeal allowed for statistical purposes. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779416